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Paytm Shares Crash 28% On Debut After India's Biggest-Ever IPO

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Paytm's shares plunged as much as 28 per cent in a weak stock market debut on Thursday, a week after the country's biggest-ever initial public offering. The stock opened for trading at ₹ 1,950 on the NSE, marking a decline of 9.3 per cent or ₹ 200 from its issue price of ₹ 2,150. Paytm shares extended losses after opening as the stock fell as much as 28 per cent, from issue price, to hit an intraday low of ₹ 1,560.

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Category
Asia
Tags
NDTV 24x7, Paytm IPO, Paytm CFO
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